Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Utilities›Multi-Utilities›Multi-Utilities

1 · Sector

Weight and 12M allocation change

Information Technology29.9%+5.36 pp Consumer Discretionary12.3%+1.32 pp Materials2.8%-0.26 pp Communication Services2.9%-0.31 pp Industrials9.8%-0.31 pp Real Estate2.9%-0.32 pp Utilities2.9%-0.55 pp Energy3.3%-0.63 pp Consumer Staples6.8%-0.92 pp Financials11.2%-1.15 pp Health Care15.3%-2.24 pp

2 · Industry

Inside Utilities

Multi-Utilities1.27%-0.29 pp Electric Utilities1.39%-0.21 pp Independent Power Producers & Energy Traders0.07%-0.03 pp Water Utilities0.08%-0.01 pp Gas Utilities0.05%-0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.27%-0.288 pp

Concentrated

Most of this industry's losses came from a few companies.

View all contributions →

Multi-Utilities · weight

1.27%

Industry change · 12M

-0.29 pp

Multi-Utilities · contribution

-0.288 pp

Company participation

92%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 2023 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
NextEra Energy → NEE	United States	$120.0bn	0.374%	-0.057 pp	-0.197 pp	-29.0%	No
Dominion Energy → D	United States	$37.9bn	0.118%	-0.011 pp	-0.055 pp	-20.9%	Yes
Sempra → SRE	United States	$45.9bn	0.143%	+0.073 pp	+0.054 pp	-9.5%	Yes
Xcel Energy → XEL	United States	$33.6bn	0.105%	+0.004 pp	-0.026 pp	-10.5%	Yes
Consolidated Edison → ED	United States	$31.1bn	0.097%	-0.001 pp	-0.021 pp	-4.8%	Yes
Ameren → AEE	United States	$20.4bn	0.064%	-0.003 pp	-0.015 pp	-10.5%	Yes
CenterPoint Energy → CNP	United States	$17.8bn	0.056%	-0.000 pp	-0.011 pp	-6.6%	Yes
DTE Energy → DTE	United States	$21.5bn	0.067%	-0.001 pp	-0.009 pp	-7.1%	Yes
CMS Energy → CMS	United States	$16.6bn	0.052%	-0.001 pp	-0.009 pp	-3.9%	Yes
PG&E Corporation → PCG	United States	$44.8bn	0.140%	+0.006 pp	+0.008 pp	+9.4%	Yes
NiSource → NI	United States	$10.6bn	0.033%	-0.002 pp	-0.005 pp	-4.8%	Yes
Pinnacle West Capital → PNW	United States	$8.5bn	0.026%	-0.001 pp	-0.004 pp	+0.1%	Yes

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.